As a condition of the approval, title to the vessel is to be transferred to New England Power Co. or to a wholly-owned U.S. subsidiary of Central Gulf, Enterprise Ship Co., Inc. The Central Gulf subsidiary will own or bareboat charter the vessel to Central Gulf.

Waterman's ODSA expires on December 31, 1996. Central is a corporate subsidiary of Waterman. A notice of the application, assigned Docket S-917, was published in the Federal Register. Comments were filed by Intercoastal Bulk Carriers, Inc., (IBC) and Attransco, Inc. IBC has since withdrawn its opposition to the application. Section 805(a) of the Merchant Marine Act of 1936, as amended, prohibits subsidized operators and their affiliates from participating in domestic shipping activities without written permission from MarAd.

Western Oversees gets O.K. MarAd has approved an application filed by Western Overseas, Inc., Sylvania, Ohio, to sell the 16,226-gt cargo vessel Margaret Lykes to Ruby Enterprises, Inc., for resale to Mayur Steel Corp., of India. The 1968-built vessel will be scrapped in India.

Coastal Tug to sell oil barge Coastal Tug & Barge, fnc., Miami, Fla., has received permission from MarAd to sell the 1,291- gt oil barge Coastal 29 to Serenity Navigation Co., a Panamanian corporation. The 1960-built barge will be transferred to Panamanian registry. Sale of drilling unit O.K/d Sedco Forex International Drilling, Inc., a Panamanian corporation, has been given permission to sell the drilling unit Sedco 709 to Triton Holdings, Ltd., a British Virgin Islands corporation, without change in the Liberian registry. The 7,983-gt vessel was built in 1977 in Halifax Nova Scotia, Canada.

15,949-gt cargo vessel sale O.K/d Neptune International, Inc., Elk Grove Village, 111., has obtained approval to sell the cargo vessel Stella Lykes to Neter Navigation S.A., a Panamanian corporation, for resale to Amar Enterprise, an Indian private limited company. The 15,949-gt vessel was built in 1969, and will be scrapped in India.

Western Overseas given permission to sell barge Western Overseas, Inc., Sylvania, Ohio, has been given approval to sell the 25,456-gt container barge American Veteran to Ruby Enterprises, Inc., a British Virgin Islands corporation. The vessel will be resold to Bharat Ship Breakers Corporation, an Indian corporation. The vessel was built in 1973 in Avondale, La., and will be scrapped in India.

Derrick barge sale approved Global Movible Offshore, Inc., Lafayette, La., has received permission to sell the 2,402-gt derrick barge Movible No. 1 to Global International Vessels, Ltd., a Cayman Islands corporation. The barge was built in 1964 and will be transferred to Vanuatu registry.

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